At this point I have to agree with with zerohedge about the Euro, so little of the news coming out the euro-zone leadership anymore makes any sense whatsoever that movements in the big global markets on any one day can be tied to anything in particular.  Two weeks ago the Euro was looking at a re-test of $1.25 after a Friday breakdown below $1.28 and follow through move the following Monday. Then Angela Merkel opened her mouth, presumably, and the worm turned.  At least that’s what we’re led to believe.

All I know is that what is really going on is the great fleecing of the non-bankster investor class of every last current unit not nailed down before the entire monetary system crashes and needs to be re-booted based on Gold in some way.  The Euro exploded today on the news that the German manufacturing sector is not contracting as fast as it was expected to be, slightly.  That was good enough to send the Euro back over $1.29 and hurtling towards $1.30, closing the week at $1.2974.

These truly are now Schrodinger markets or worse, Schrodinger’s rumors about what the markets could possibly do.  In the end, I believe the only thing keeping them afloat is hope.  Because when you have fundamentals as bad as the current economies in Europe and the U.S. currently have, hope — defined as that which you have when you have nothing else — is truly all we have.